Wedge Capital Management L L P NC Purchases 21,910 Shares of Korn Ferry (NYSE:KFY)

Wedge Capital Management L L P NC boosted its holdings in Korn Ferry (NYSE:KFY - Free Report) by 29.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 96,988 shares of the business services provider's stock after purchasing an additional 21,910 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.18% of Korn Ferry worth $5,756,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of Korn Ferry by 0.6% in the third quarter. Vanguard Group Inc. now owns 6,257,755 shares of the business services provider's stock worth $296,868,000 after buying an additional 34,960 shares during the period. American Century Companies Inc. boosted its holdings in Korn Ferry by 3.2% in the third quarter. American Century Companies Inc. now owns 2,739,697 shares of the business services provider's stock valued at $129,971,000 after purchasing an additional 85,781 shares during the last quarter. Invesco Ltd. boosted its holdings in Korn Ferry by 10.1% in the third quarter. Invesco Ltd. now owns 1,521,044 shares of the business services provider's stock valued at $72,158,000 after purchasing an additional 140,142 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Korn Ferry by 0.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,376,771 shares of the business services provider's stock valued at $65,314,000 after purchasing an additional 11,159 shares during the last quarter. Finally, Pacer Advisors Inc. raised its stake in Korn Ferry by 53.9% during the fourth quarter. Pacer Advisors Inc. now owns 959,441 shares of the business services provider's stock valued at $56,943,000 after buying an additional 336,040 shares in the last quarter. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Korn Ferry Stock Performance

Shares of Korn Ferry stock traded down $0.60 on Wednesday, reaching $62.59. 267,797 shares of the company were exchanged, compared to its average volume of 360,091. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.83 and a current ratio of 1.83. The company's 50-day moving average is $62.82 and its two-hundred day moving average is $56.84. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 21.88 and a beta of 1.47. Korn Ferry has a 1-year low of $44.45 and a 1-year high of $69.69.

Korn Ferry (NYSE:KFY - Get Free Report) last announced its quarterly earnings results on Wednesday, March 6th. The business services provider reported $1.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.99 by $0.08. Korn Ferry had a return on equity of 12.59% and a net margin of 5.34%. The business had revenue of $676.80 million for the quarter, compared to analysts' expectations of $657.91 million. During the same period in the prior year, the firm earned $1.01 EPS. The business's quarterly revenue was down 1.5% on a year-over-year basis. As a group, research analysts expect that Korn Ferry will post 4.17 earnings per share for the current fiscal year.

Korn Ferry Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Wednesday, March 27th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend was Tuesday, March 26th. Korn Ferry's dividend payout ratio is currently 45.67%.

Analysts Set New Price Targets

Several analysts have issued reports on KFY shares. Truist Financial upped their price objective on Korn Ferry from $64.00 to $74.00 and gave the company a "buy" rating in a research note on Monday, March 4th. StockNews.com upgraded Korn Ferry from a "hold" rating to a "buy" rating in a research note on Wednesday, March 13th. UBS Group upped their price objective on Korn Ferry from $55.00 to $63.00 and gave the company a "neutral" rating in a research note on Wednesday, February 28th. William Blair upgraded Korn Ferry from a "market perform" rating to an "outperform" rating in a research note on Thursday, February 29th. Finally, Robert W. Baird increased their price target on Korn Ferry from $62.00 to $70.00 and gave the stock an "outperform" rating in a research report on Thursday, March 7th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $69.00.

Insider Activity at Korn Ferry

In related news, Director Jerry Leamon sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $65.80, for a total value of $658,000.00. Following the sale, the director now directly owns 16,802 shares in the company, valued at approximately $1,105,571.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is owned by insiders.

About Korn Ferry

Korn Ferry, together with its subsidiaries, provides organizational consulting services worldwide. It operates through four segments: Consulting, Digital, Executive Search, and Recruitment Process Outsourcing (RPO) & Professional Search. The company provides executive search services to recruit board level, chief executive, other senior executive, and general management talent of organizations.